Yesterday, Andrés Manuel López Obrador, best known by his initials, AMLO, won Mexico’s presidential election decisively. After 18 years on the campaign trail, including two previous failed presidential runs, thousands of rallies, and, by his count, a visit to every one of Mexico’s 2,400 municipalities, the Tabasco-born politician received the support of 53 percent of voters at the polls, according to an offical rapid count by electoral authorities. Meanwhile, the National Regeneration Movement (MORENA), López Obrador’s four-year-old political party, gained a majority in congress, and a majority of the nine governorships up for grabs.

Pena Nieto’s structural reforms in Mexico have yielded a few quick gains, mostly in telecom prices and access to credit, but most of the benefits are yet to come. However many may not, as justified frustration with the government’s fiscal mismanagement and corruption leads voters to turn away from a more open economic model before the advantages appear.